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AAL, UAL, TRV...
1/20/2022 12:01pm
Wall Street in Fives - Must Read Lists at Midday

Get caught up quickly on the top news and calls moving stocks with these Top Fives, as compiled by the editors of The Fly. 


1. STOCK NEWS: 

  • American Airlines (AAL) reported upbeat Q4 results [more]
  • United Airlines (UAL) also reported upbeat Q4 earnings and revenue [more]
  • Travelers (TRV) also reported better-than-expected Q4 results [more]
  • Baker Hughes (BKR), meanwhile, reported downbeat Q4 earnings [more]
  • R.R. Donnelley (RRD) reported that an unnamed "strategic party" raised the price of its buyout offer to $11.50 per share [more]


2. WALL STREET CALLS: 

  • Ford (F) downgraded to Hold from Buy at Jefferies [more]
  • AMD (AMD) downgraded to Neutral from Overweight at Piper Sandler [more]
  • KeyBanc upgrades Etsy (ETSY) to Overweight from Sector Weight [more]
  • Microsoft (MSFT) price target lowered to $376 from $407 at Citi [more]
  • WW (WW) downgraded to Underweight from Sector Weight at KeyBanc [more]


3. AROUND THE WEB: 

  • The FTC will move ahead with investigations into Intuit (INTU) and TurboTax, The Information reports [more]
  • Tattooed Chef (TTCF) was mentioned cautiously by Bear Cave's Edwin Dorsey [more]
  • Citron Research announced a long position in Blue Apron (APRN) with a $40 price target [more]
  • Xerox (XRX) "back near the top of the watchlist" ahead of earnings, Dealreporter says [more]
  • Google (GOOGL) could face off with Meta (FB), Apple (AAPL) with own AR headset, The Verge says [more]


4. MOVERS: 

  • Luminar (LAZR) higher after filing a $220M mixed securities shelf [more]
  • Hut 8 Mining (HUT) increases in New York after announcing it entered into a definitive agreement to purchase TeraGo’s data center business for C$30M [more]
  • EHang (EH) gains in New York after receiving a pre-order for 40 units of EH216 in Japan [more]
  • TaskUs (TASK) declines after Spruce Point Capital released a short report on the company [more]
  • American Homes 4 Rent (AMH) falls after announcing a 20M share offering priced at $39.15 [more]


5. EARNINGS/GUIDANCE: 

  • Discover (DFS) reported downbeat Q4 earnings [more]
  • Signet Jewelers (SIG) raised its Q4 and FY22 revenue guidance [more]
  • Heartland Express (HTLD) reported upbeat Q4 revenue [more]
  • Corsair Gaming (CRSR) provided FY21 and FY22 revenue guidance [more]
  • Berkshire Hills Bancorp (BHLB) reported roughly in-line Q4 results [more]


INDEXES: 

Near midday, the Dow was up 364.83, or 1.04%, to 35,393.48, the Nasdaq was up 241.07, or 1.68%, to 14,581.32, and the S&P 500 was up 53.77, or 1.19%, to 4,586.53.

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